Bank Maintenance

This chapter describes the bank maintenance process in Infor LN 10.7 for Poland localization.
In the Transfer Payments (tfcmg1260m000) session, the following localised reports for electronic payment files enable the maintenance of bank transfers for Poland localization:
  • MultiCash
  • Elixir
  • Video TEL
  • CitiDirect

An additional Elixir report is designed related split payment requirements.

Following Art. 108a point 1 of the Goods and Services Tax Act, split payment is applicable as on the 1st of July 2018, which means that payment for invoices can be made to a basic bank relation and to a separate VAT bank relation. Gross amount is paid to the business partner’s basic bank relation, the tax amount is transferred to its VAT bank relation, which only serves for tax settlement purposes.

Split payment requirements:
  • • Invoices in PLN only
  • • Payment as a bank transfer only, where: 1 transfer = 1 invoice
  • • Specified details of the bank transfer: VAT amount, invoice number, business partner’s tax ID